Merck
I think you are right.
Think about it, they can't just keep buying, they need volatility in the price to attract sellers.
SO they use 2/3 funds. They drop the price by selling to themselves and panic holders.
I don't believe the volume can be this high otherwise. It's just too much.
It's still OTC, many funds /investors won't buy.
Volume was so low. before. I know we have a massive event coming but volume, in my opinion, is too high.
I remember during the resources boom, this is exactly what BHP did to a small S/A resource stock I had.
Built-up a big position then dumped the price to attract more shares and a better overall price.
I also think they didn't do this start with as they short-sellers covering to compete with. Now they are gone they are having to work a little harder.
Not sure it goes much higher until results personally.
Good luck all.
Just my opinion. Remember the big Pharma have trading desks.
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